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14643 Dallas Parkway, Dalla...

Pratt Street Capital Acquires Office Building On North Dallas Parkway In Dallas
SOLDOffice

Pratt Street Capital Acquires Office Building On North Dallas Parkway In Dallas

14643 Dallas Parkway, Dallas, Texas 75254, United States

Building Size

210 SF

Asset Type

Office

Closing

Dec 14, 2022

AI

The office property located at 14643 North Dallas Parkway in Dallas has been sold. The transaction took place on 12/14/2022, and the asset consists of a total area of 210,465 square feet. The property was sold by Fidelity Commercial.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Market: Dallas

Pratt Street Capital, represented by David Braunstein, acquired the property. The deal was facilitated by brokers Gary Carr, Chris Murphy, Robert Hill, and Chase Tagen of Newmark.

Players

Gary Carr

Newmark

Broker

$352.5M

vol

33 deals

Broker

David Braunstein

Pratt Street Capital

Buyer

2 deals

Buyer

Dallas Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93